Ken Oenbrink - NTX Property Watch Report

Plano, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Plano, TX

Tue Feb 19 2019
This week the median list price for Plano, TX is $448,500 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 511. Click here to stay informed with the Plano market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Plano, TX

Tue Feb 19 2019
This week the median list price for Plano, TX is $448,500 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 511. Click here to stay informed with the Plano market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Plano market.
Median List Price $448,500
Per Square Foot $147
Days on Market 119
Price Decreased 46%
Price Increased 5%
Relisted 17%
Inventory 511
Median House Rent $2,050
Most Expensive $5,999,000
Least Expensive $189,500
Market Action Index
Slight Seller's Advantage
39

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$852,900 4,531 0.25 - 0.5 acre 5 4 19 11 8 188
$499,900 3,514 8,000 - 10,000 sqft 4 3 21 14 7 121
$395,000 2,910 8,000 - 10,000 sqft 4 3 23 26 19 96
$303,250 2,062 8,000 - 10,000 sqft 3 2 36 20 31 70